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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 3,327,957 $ 3,128,909 $ 3,589,427
Cost of goods sold 2,329,986 2,134,056 2,331,649
Gross profit 997,971 994,853 1,257,778
Selling, general and administrative expenses 441,482 429,827 533,368
Research and development expenses 54,026 59,214 58,287
Gain on sale of business/interest in properties, net (295,971) 0 0
Operating profit 798,434 505,812 666,123
Interest and financing expenses (61,476) (73,116) (57,695)
Other expenses, net (603,340) (59,177) (45,478)
Income before income taxes and equity in net income of unconsolidated investments 133,618 373,519 562,950
Income tax expense 29,446 54,425 88,161
Income before equity in net income of unconsolidated investments 104,172 319,094 474,789
Equity in net income of unconsolidated investments (net of tax) 95,770 127,521 129,568
Net income 199,942 446,615 604,357
Net income attributable to noncontrolling interests (76,270) (70,851) (71,129)
Net income attributable to Albemarle Corporation $ 123,672 $ 375,764 $ 533,228
Basic earnings per share (in dollars per share) $ 1.07 $ 3.53 $ 5.03
Diluted earnings per share (in dollars per share) $ 1.06 $ 3.52 $ 5.02
Weighted-average common shares outstanding—basic (in shares) 115,841 106,402 105,949
Weighted-average common shares outstanding—diluted (in shares) 116,536 106,808 106,321